BANKNIFTY ANALYSIS WITH TRADING IDEA AND MARKING LEVELS

HELLO TRADERS,
This post is all about the BNF analysis posted on the community tab , the link is given below box provides the trading levels and trading ideas, posted yesterday which can see in this post, marking and explanation to understand how to trade.

Trade Idea for 17 -11-21

37506 is halt 3

1. If the price opens the gap down near zone 1 then it will act as support either price will be range-bound between zone 1 or zone 1to halt 2.

2. on the contrary, if the price opens near halt 2 and takes resistance then zone 1 is your target .

3. Price is not expected to go to halt 1 without touching halt 3 and not expecting going beyond halt 3.

4. Do not expect smooth trades completely range-bound profit booking should be swift.

Yogesh Vats